World stocks rose on Thursday following the Fed’s much anticipated announcement yesterday.
World stocks rose on Thursday following the Fed’s much anticipated announcement yesterday. Asian markets gained, with Japan’s Nikkei hitting its highest mark since January. Europe is also up so far and the US stock market is expected to start higher this morning. The dollar fell yesterday. There was a mix of news from the Fed; the bad was a slower than expected growth for the economy this year; down to as low as 2.1 per cent rather than the 2.9 per cent that was originally predicted. The good news is optimism that things are headed in the right direction and that, although slower, key indicators including consumer spending and employment are set to continue growth. The predictions for 2015 and 2016 are unchanged and the Fed is now planning a wind-down of its stimulus package. Read the full story.
